https://www.taxtmi.com/caselaws?id=465259 The ITAT Surat allowed the assessee's claim for deduction under s. 80P(2)(d) on interest income received from a co-operative bank. The Tribunal held that the issue is squarely covered by consistent coordinate bench rulings and the binding precedent of the jurisdictional HC in Surat Vankar Sahakari Sangh Ltd., which recognize such interest as eligible for deduction under s. 80P(2)(d). Relying also on its recent decision in Althan Bhatar Cooperative Credit Society Ltd., the ITAT reversed the disallowance and allowed Ground No. 1 in favour of the assessee. en-us Mon, 10 Jun 2024 00:00:00 +0530 Fri, 12 Dec 2025 20:19:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465259 The ITAT Surat allowed the assessee's claim for deduction under s. 80P(2)(d) on interest income received from a co-operative bank. The Tribunal held that the issue is squarely covered by consistent coordinate bench rulings and the binding precedent of the jurisdictional HC in Surat Vankar Sahakari Sangh Ltd., which recognize such interest as eligible for deduction under s. 80P(2)(d). Relying also on its recent decision in Althan Bhatar Cooperative Credit Society Ltd., the ITAT reversed the disallowance and allowed Ground No. 1 in favour of the assessee. Case-Laws Income Tax Mon, 10 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465259